KNOT Offshore Partners (NYSE:KNOP) Releases Earnings Results, Beats Expectations By $0.51 EPS

KNOT Offshore Partners (NYSE:KNOP) released its quarterly earnings data on Wednesday. The shipping company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.51, Zacks reports. The business had revenue of $91.26 million during the quarter, compared to analyst estimates of $76.50 million. KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%.

KNOT Offshore Partners Stock Up 11.8 %

Shares of KNOT Offshore Partners stock opened at $6.29 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52. The company has a market cap of $215.80 million, a P/E ratio of -14.63 and a beta of 0.70. The stock has a 50-day moving average price of $5.65 and a 200 day moving average price of $6.02. KNOT Offshore Partners has a 1 year low of $4.94 and a 1 year high of $9.11.

KNOT Offshore Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, January 27th were given a dividend of $0.026 per share. This represents a $0.10 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Monday, January 27th. KNOT Offshore Partners’s payout ratio is -23.26%.

Analyst Ratings Changes

Separately, StockNews.com lowered KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research report on Tuesday.

KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.